We are extremely pleased to announce that Stefani Scott has joined the team at Jennifer Lasco Real Estate. Stefani is an extraordinary real estate agent who has been serving Birmingham, West Bloomfield, Beverly Hills and surrounding Michigan cities with expert service. Jennifer Lasco said, “With Stefani’s addition to our team, Jennifer Lasco Real Estate is even more committed to providing exceptional real estate services to our clients in Birmingham and the surrounding area.” Stefani is a resident of the Birmingham, Michigan area so it comes natural to specialize in homes for sale in Birmingham, Michigan and home selling services in this region.
If you’re looking for a real estate investment opportunity in this region, we can help you get the best possible deal. Real estate trends in Birmingham, MI show a 7% year-over-year rise in median sales price and a 4% rise in median rent per month. The median sales price for homes in Birmingham is approximately $452,000 and median rents per month for an apartment is around $2500. 78% of people living in Birmingham are homeowners, and the demographics indicate that a large majority of the population is college educated with good income levels. Overall, Birmingham is a good option for those who are thinking about buying a home in 2018 and a great opportunity for sellers who are hoping to sell. There are also a wide range of condos for sale in Birmingham, MI that offer incredible amenities and downtown walking access.
As far as Bloomfield, MI is concerned, media homes sales have shown an increase of 15% over the past year and average prices per square foot have increased from $158 to $177. The median sales price for a property in Bloomfield is approximately $415,000 with median rents per month in the range of $2600 to $2700.
Another popular area in Michigan is Royal Oak. With a median sales price of $225,000 and median rents per month at $1650, this city has seen solid growth in the real estate market. Royal Oak has seen a 4% year-over-year rise in median sales price. Royal Oak also has other cities nearby that are also good for homebuyers. These include Ferndale and Berkley. Bingham Farms is another option for homebuyers with medial sales prices at $325,000. Median Sales price in Beverly Hills is $315,000 with median rents at $2500. As far as average home values in this region are concerned, they stand at $393,200 for Bingham Farms, $351,500 for Beverly Hills, $426,800 for Birmingham and 410,900 for Bloomfield Hills.
Overall, data clearly shows that home sales are booming and will continue to boom. At this time, with demand for homes so high, sellers are in a commanding position. 2017 was a terrific year for the real estate market in Michigan and 2018 is expected to be no different. Michigan is definitely a seller’s market with an influx of home buyers. However, if you are seriously interested in buying or selling in this region, you need to find the right real estate agent so that they can identify the right fit as per your needs.
The National Association of Realtors reports an increase in home sales by 3.5% and this year it is projected that home sales will rise by 2.8%. 2018 is also expected to be a very stable year for the Michigan real estate market. There was a time when millennials were not showing as much interest in buying homes as other generations but now the trends are changing, and the percentage of millennial home buyers is increasing at a very steady pace. 2017 saw this trend, and 2018 is expected to see even more growth. Millennials are now becoming more stable professionally and are choosing to buy instead of rent.
With Michigan and surrounding areas showing so much potential, our team with the addition of Stefani Scott is ready to make things happen for interested sellers. Stefani has significant experience in the Michigan area, and she has the ability to identify the right property for the right buyer based on the location they desire and their price range. The condition of the property is also a very important criterion as it plays a major role in determining the value of the property.
The key to finding the right property or the right buyer is greatly dependent on your real estate agent. We understand that sellers want maximum return on their property and they also want their property to be sold as fast as possible. Similarly, buyers want a property in good condition in a great location and at a great price. Everyone has their vision, and you need to find the right team who can help you realize that vision.
Both buyers and sellers are also looking for real estate agents who are knowledgeable, reliable and ethical and who have the necessary skills to negotiate a great deal. At Jennifer Lasco Real Estate, we put our clients first, and it is this client-centric philosophy that has enabled us to give each and every client the ultimate experience. If you’re looking for skill and expertise in the Michigan area, call us today. Our real estate agents are all set to help you avail the tremendous real estate opportunities that are in store for you. With consumer confidence constantly increasing, a strong economy and a booming job market, Michigan’s housing market are showing tremendous growth. Make the most of it and let us help you find the right property that fits your needs and your budget.
Buyers are already flooding in Michigan. If you’re a seller, this is the time to sell. If you’re a buyer, we will find the right property for you. All you need to do is give us a call at Jennifer Lasco Real Estate, and we will be happy to assist you. Call Stefani at 810-433-9556. Tell her what you need and what you’re looking for, and she will find the right fit. If you have any questions or concerns, feel free to contact us. We are here to answer all your questions – whether it’s on the market, the home prices, regional demographics or our services. We are here to help you.